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Next Labour Leader

As the Brexit fallout continues to reverberate through British politics, the Labour Party stands on the brink of a destructive, potentially life-threatening civil war. On the latest count, 21 Shadow Cabinet members have resigned and a vote of no confidence in Jeremy Corbyn seems certain to trigger a leadership contest.

Considering the PM has said he wants a replacement in place by October, punters are taking a remarkable leap of faith in the power of the Labour rebels. Corbyn has made it clear he will stand in any subsequent leadership contest and, on the basis of polls conducted prior the EU referendum, will likely win it. It is only nine months since he won an enormous mandate from Labour members with 60% of the vote.

Whichever way these markets pan out, the race for Next Labour Leader will remain a fascinating, wide-open heat. Whilst there are obvious front-runners right now, if Corbyn hangs on for a year or two several more could enter the fray. At least the following ten are worthy of close inspection.

SOUTHAMPTON, ENGLAND – AUGUST 25: Labour Leadership Candidate Jeremy Corbyn applauds as he speaks at a rally for supporters at the Hilton at the Ageas Bowl on August 25, 2015 in Southampton, England. Jeremy Corbyn remains the bookiesÕ favourite to win the Labour leadership contest which will be announced on September 12 after the ballots close on September 10 (Photo by Matt Cardy/Getty Images)

This weekend, the marathon Labour leadership contest will reach it’s conclusion. Jeremy Corbyn, who I tipped right at the start when he was rated less than 4% likely to win, is now an 81% chance. I have no financial interest left, having laid my positions back for a profit, amounting to 14 times the initial outlay.

Here’s my update for @BetfairExchange, along with the original article from June.